(Consider This) Approximately what percentage of start-up firms in the United States go bankrupt within the first two years?
A. 3.5.
B. 10.2.
C. 22.
D. 53.
Answer: C
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When net exports equal zero, the economy is in macroeconomic equilibrium
Indicate whether the statement is true or false
An import tariff will cause the terms of trade of the ________ country to ________ and will ________ the country
A) importing; improve; benefit B) exporting; improve; benefit C) importing; suffer; harm D) exporting; improve; harm E) importing; improve; harm
Because it is
a. excludable but not rival in consumption, a sweatshirt is a club good. b. rival in consumption but not excludable, a sweatshirt is a club good. c. both excludable and rival in consumption, a sweatshirt is a private good. d. neither excludable nor rival in consumption, a sweatshirt is a public good.
Diseconomies of scale exists over the range of output for which the long-run average cost curve is:
a. rising. b. constant. c. falling. d. None of the answers are correct.